VOJTEC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VOJTEC
Largest movements
- Tangible fixed assets -€52,768
down €52,768 (-10.9%), from €482,940 to €430,172
of which Furniture and vehicles: -€37,948
- Receivables within one year -€14,114
down €14,114 (-42.4%), from €33,298 to €19,183
of which Trade receivables: -€9,322
- Cash -€10,082
no longer reported in 2024 (was €10,082)
mainly Debts after one year (-€29,237) and Other debts (-€14,500)
- Deferred charges and accrued income +€5,945
up €5,945 (+155.3%), from €3,829 to €9,774
- Profit (loss) carried forward -€54,460
no longer reported in 2024 (was €54,460)
- Reserves +€53,925
up €53,925 (+47.3%), from €114,053 to €167,978
of which Distributable reserves: +€53,925
- Debts after one year -€29,237
down €29,237 (-26.3%), from €111,181 to €81,944
- Other debts -€14,500
down €14,500 (-23.9%), from €60,663 to €46,163
- Tax, wage and social debts -€12,871
down €12,871 (-91.4%), from €14,088 to €1,217
- Gross operating margin -€51,539
down €51,539 (-39.6%), from €130,036 to €78,497
- Other operating charges -€30,483
down €30,483 (-89.2%), from €34,171 to €3,688
- Taxes -€13,834
down €13,834 (-88.3%), from €15,667 to €1,833
- Depreciation +€12,973
up €12,973 (+29.6%), from €43,875 to €56,847
- Financial charges +€4,063
up €4,063 (+60.2%), from €6,746 to €10,809
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,493 | €460,638 | -€70,854 | -13.3% |
| Fixed assets | 21/28 | €483,940 | €431,172 | -€52,768 | -10.9% |
| Tangible fixed assets | 22/27 | €482,940 | €430,172 | -€52,768 | -10.9% |
| Land and buildings | 22 | €297,345 | €279,275 | -€18,070 | -6.1% |
| Plant, machinery and equipment | 23 | €11,215 | €14,465 | +€3,250 | +29.0% |
| Furniture and vehicles | 24 | €174,381 | €136,433 | -€37,948 | -21.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €47,552 | €29,466 | -€18,086 | -38.0% |
| Stocks and contracts in progress | 3 | - | €182 | +€182 | |
| Stocks | 30/36 | - | €182 | +€182 | |
| Amounts receivable within one year | 40/41 | €33,298 | €19,183 | -€14,114 | -42.4% |
| Trade receivables | 40 | €23,493 | €14,171 | -€9,322 | -39.7% |
| Other amounts receivable | 41 | €9,804 | €5,012 | -€4,792 | -48.9% |
| Current investments | 50/53 | €343 | €327 | -€16 | -4.8% |
| Cash at bank and in hand | 54/58 | €10,082 | - | -€10,082 | |
| Deferred charges and accrued income | 490/1 | €3,829 | €9,774 | +€5,945 | +155.3% |
| Total equity and liabilities | 10/49 | €531,493 | €460,638 | -€70,854 | -13.3% |
| Equity | 10/15 | €174,713 | €174,178 | -€535 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,053 | €167,978 | +€53,925 | +47.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €112,053 | €165,978 | +€53,925 | +48.1% |
| Profit (loss) carried forward | 14 | €54,460 | - | -€54,460 | |
| Provisions and deferred taxes | 16 | €1,060 | €1,060 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,060 | €1,060 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,060 | €1,060 | = | 0.0% |
| Amounts payable | 17/49 | €355,720 | €285,400 | -€70,319 | -19.8% |
| Amounts payable after more than one year | 17 | €111,181 | €81,944 | -€29,237 | -26.3% |
| Financial debts | 170/4 | €111,181 | €81,944 | -€29,237 | -26.3% |
| Amounts payable within one year | 42/48 | €244,539 | €203,456 | -€41,083 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €67,179 | €59,082 | -€8,098 | -12.1% |
| Financial debts | 43 | - | €2,707 | +€2,707 | |
| Credit institutions | 430/8 | - | €2,707 | +€2,707 | |
| Trade debts | 44 | €102,608 | €94,287 | -€8,321 | -8.1% |
| Suppliers | 440/4 | €102,608 | €94,287 | -€8,321 | -8.1% |
| Taxes, remuneration and social security | 45 | €14,088 | €1,217 | -€12,871 | -91.4% |
| Taxes | 450/3 | €14,088 | €1,217 | -€12,871 | -91.4% |
| Other amounts payable | 47/48 | €60,663 | €46,163 | -€14,500 | -23.9% |
| Non-recurring operating income | 76A | €1,600 | - | -€1,600 | |
| Remuneration, social security and pensions | 62 | €199 | €18 | -€181 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,875 | €56,847 | +€12,973 | +29.6% |
| Other operating charges | 640/8 | €34,171 | €3,688 | -€30,483 | -89.2% |
| Non-recurring operating charges | 66A | €3,821 | €6,121 | +€2,299 | +60.2% |
| Gross operating margin | 9900 | €130,036 | €78,497 | -€51,539 | -39.6% |
| Operating profit (loss) | 9901 | €47,971 | €11,824 | -€36,146 | -75.4% |
| Financial income | 75/76B | €3 | €283 | +€280 | +10077.7% |
| Recurring financial income | 75 | €3 | €283 | +€280 | +10077.7% |
| Financial charges | 65/66B | €6,746 | €10,809 | +€4,063 | +60.2% |
| Recurring financial charges | 65 | €6,746 | €10,809 | +€4,063 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €41,227 | €1,298 | -€39,929 | -96.9% |
| Income taxes | 67/77 | €15,667 | €1,833 | -€13,834 | -88.3% |
| Profit (loss) for the period | 9904 | €25,560 | -€535 | -€26,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,560 | -€535 | -€26,095 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.